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- As the public participation window for Kenyans to share their views on the tax laws and the Tax Procedures Act closes, the Kenya Association of Air Operators has urged the government to align tax policies with international recommendations, such as those from the International Civil Aviation…
- The International Monetary Fund (IMF) has warned that the loan Kenya intends to borrow from the United Arab Emirates (UAE) will plunge it into debt distress.
- At least 24 banks risk a total shut down that will affect nearly 7,000 employees if the proposed increment of core capital from Ksh.1 billion to Ksh.10 billion in three years time is done.
- The Capital Markets Authority (CMA) has approved Safaricom PLC to establish Ziidi Money Market Fund, a new investment scheme that seeks to disrupt the market.
- The Kenya Association of Manufacturers (KAM) estimates that Ksh.3 billion of taxpayers money is lost to corruption on a daily basis, monies that could instead be invested in boosting the manufacturing sector with the aim of creating employment and promoting local product.
- A new report shows that Uber application has pumped Ksh.167 million into Kenya's nighttime economy in the past year, underscoring the country's party culture as the main source of entertainment.
- Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities.
- A look at the recently released Leading Economic Indicators (September 2024) report by the Kenya National Bureau of Statistics (KNBS) is an interesting piece of information.
- The government has lauded the beverage manufacturing sector as a vital pillar of Kenya's economy, emphasizing its role in job creation and innovation.
- The steep losses in the Adani group's key firm was matched by heavy selling in its other key businesses, with Adani Power losing 11 percent and Adani Energy Solutions tanking 20 percent.
- Stakeholders in Kenya's manufacturing sector have been encouraged to embrace innovative technology solutions to enhance workforce productivity and operational efficiency.
- Kenya is aligning its National E-Commerce Strategy with the East African E-Commerce Strategy, the AfCFTA Protocol on E-Commerce, and UN Sustainable Development Goal 9.
- Research and Consulting firm Infotrak is celebrating 20 years of existence, with its founder Angela Ambitho narrating the 20 year journey, and how technology has changed the way the firm operates.
- Directline Assurance Company has told Treasury Cabinet Secretary John Mbadi that Royal Credit did not and has never transferred its shareholding to anybody, including all those persons and companies shown in the current CR12.
- The Ministry of Labour and Social Protection has launched an ambitious national job recruitment program aimed at connecting skilled and semi-skilled Kenyans with overseas employment opportunities.
- Absa Bank Kenya PLC has reported a profit after tax of Ksh.14.7 billion for the third quarter ending September 30, 2024, a 20% increase compared to the same period last year.
- At his workshop in Kibera, George Otieno and his team have a deadline to meet, client's order. This is Akala 21, a venture founded by George to recycle old car tyres into attractive sandals.
- The tournament drew 170 participants, including prominent business leaders and golf enthusiasts who were eager to compete while making valuable professional connections.
- The prices of super petrol, diesel, and kerosene have remained unchanged from last month, according to the latest review by the Energy and Petroleum Regulatory Authority (EPRA) announced on Thursday.
- Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce.
- Bitcoin broke through the $90,000 (about Ksh.11.6 million) level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies.
- The “Safaricom Sambaza Furaha” caravan, in partnership with royal media services, continued its nationwide tour celebrating 24 years of Safaricom service.
- At the edge of the Nairobi National Park is Kitengela Hot Glass, the home of some of the world’s best glass products, all made from recycled glass through the process of glass blowing, a hand-crafting technique in which glass is heated to a specific degree and then blowing air into it through a…
- Kenya's Equity Group Holdings (EQTY.NR) on Tuesday reported pretax profit of Ksh.51 billion ($397 million) for the first nine months of 2024, up from Ksh.45.9 billion in the same period a year earlier.
- China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.
- Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favourable government treatment.
- Safaricom on Thursday announced it recorded a 14.1 per cent growth in net income for its Kenyan unit to Ksh. 47.5 billion in the six months ended September 30.
- The dollar soared to a four-month high on Wednesday after Republican Donald Trump won the U.S. presidential election, with policies on immigration, tax and trade expected to spur higher U.S. growth and inflation.
- President William Ruto’s Senior Economic Advisor David Ndii has dispelled the notion that the government could be seeking to lower taxes for Kenyans anytime soon.
- President William Ruto's administration has entered into a deal with the Malawian government to import refined petroleum products in bulk under a government-to-government (G-to-G) arrangement.
- Officials from the National Treasury have defended the government’s decision to reintroduce parts of the rejected Finance Bill, 2024, claiming it is essential to reduce borrowing.
- This fund, led by FSD Africa and fully supported by the UK government, is expected to raise up to $300 million (Ksh 38.85 billion) in sustainable finance, providing affordable credit options for SMEs and catalysing growth and employment throughout the country.
- At the Jomo Kenyatta University of Agriculture and Technology department of Horticulture and Food Security, Dr. Paul Kinoti and his team are busy. This team is specialising in non-conventional farming methods, focusing on snail farming and its benefits.
- In the wake of claims that a Nairobi City County land title deed was used by a private developer to secure a Ksh1.9 billion loan from a local bank, the accused real estate firm, Jabavu Village Ltd, has refuted the claims.
- The Kenya National Chamber of Commerce and Industry (KNCCI) board of directors has announced the appointment of Ahmed Farah as the chamber’s new CEO.
- The government of Kenya, through the Ministry of Agriculture, has announced plans to purchase one million bags of maize from farmers across the country at a price of Ksh.3,500 per 90kg bag.
- The executive board of the International Monetary Fund (IMF) has approved the Kenyan government's request to access Ksh.78 billion loan in an effort to rebuild its fiscal policies.
- To expand equitable financing for Micro, Small, and Medium Enterprises (MSMEs) in the marginalized Northern Kenya region, the Impact for Northern Kenya (INK) Fund, a sustainable impact investment fund from USAID Kenya and East Africa in collaboration with USAID Kuza has disbursed over $26.1 Million…
- In its efforts to ensure a consistent flow of capital to support its Environmental, Social, and Governance (ESG) projects, telco service provider Safaricom has hinted at the possibility of issuing a green bond in the future.
- Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.
- The eCommerce Day East Africa | Kenya is set to take place from November 18 to November 20, offering a dynamic three-day event designed to inspire and empower professionals in the e-commerce industry.
- Lender HF Group has received regulatory approval from the Capital Markets Authority (CMA) to raise up to Ksh.6 billion through a Rights Issue transaction.
- Stakeholders in the digital asset industry are urging the Kenya Revenue Authority (KRA) to simplify tax compliance processes for the growing crypto sector.
